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Kane Announces New Head of US Operations Liz Frederick, Head of ILS, takes up position
Ms Frederick, who is currently Global Practice Head for Kane’s Insurance Linked Securities business, will take up her new position in March 2012, following the departure of Elizabeth Steinman. She will also continue in her role as ILS Practice Head. Based in the Cayman Islands for the last six years, Ms Frederick has extensive experience in the structuring and on-going management of a range of ILS and captive structures, including catastrophe bonds, side cars, segregated account transformers, pure captives, rent-a-captives and special purpose financial captives. Commenting on the appointment, Simon Hinshelwood, Kane Group Chief Executive, said: “We are delighted that Liz Frederick has taken up the position of Managing Director, Kane (USA). Liz has achieved exceptional success as Head of our ILS operations, and her extensive experience in the international insurance markets, and in particular the Americas, makes her an ideal candidate to run our US operations, as we look to expand our activities in the region. Mr Hinshelwood added: “I would also like to take this opportunity to thank Elizabeth Steinman who, over the last seven years, has worked extremely hard to grow our insurance management business in the US.” Ms Frederick will remain available to support Kane’s team in Cayman, which is currently being expanded to ensure the appropriate depth of experience and expertise is available to support business growth. New appointments will be announced shortly. In January 2012, Kane announced that it had raised additional funding from its principal shareholder, CBPE, to invest in a new office in New York and to further enhance and invest in its product offering in its LPI business. PRESS ENQUIRIES:
Kane is the largest global, independent provider of specialist insurance management services. From offices in Bahrain, Bermuda, Cayman, Dubai, Guernsey, London, Malta, New York, Qatar, South Carolina and Vermont, Kane’s experienced professionals serve clients on a global basis. Kane’s extensive expertise encompasses the following areas: Captive Management, Insurance-Linked Securities administration and Life, Pension & Investment administration. In June 2011, Kane completed the acquisition of HSBC's insurance management operations. Kane is regulated by the Financial Services Authority in the UK, the Central Bank of Bahrain in Bahrain, the Bermuda Monetary Authority in Bermuda, the Cayman Islands Monetary Authority in Cayman, the Dubai Financial Services Authority in Dubai, the Guernsey Financial Services Commission in Guernsey, the Malta Financial Services Authority in Malta, the Qatar Financial Centre Regulatory Authority in Qatar and individual State authorities in the USA. For further information, please visit: www.kane-group.com |
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Kane, the largest global independent insurance manager, and a leading provider of Insurance Linked Securities (ILS) and Life, Pension and Investment (LPI) administration services, has today announced the appointment of Liz Frederick as Managing Director, Kane (USA).